Green Building Council of Australia Breakfast with the Stars: - PowerPoint PPT Presentation

Green Building Council of Australia Breakfast with the Stars: Chadstone Shopping Centre Presenter: Paul Donoghue – Regional Development Manager - CFSPM

Colonial First State Property Management Structure

Chadstone Shopping Centre - Aerial

Chadstone – The Fashion Capital Statistics • GLA 143,000m2 • Visitations 16.5 million p.a. • Sales $1 billion Moving Annual Turnover 2007 • Retailers 430 Specialty Stores Majors: David Jones, Myer, Kmart, Target, Coles, Hoyts and Borders • Car Spaces 8,500 approximately

Chadstone Owners CFS Retail Property 1 Gandel 2 Trust 50% Group 50% CFSPM Shopping Centre & Development Manager 1 Publicly Listed – ASX 2 Private

Development Overview – 47 years • Chadstone opens 1960 • 10 major developments since 1985 • Latest major development 1999/2000 Myer/David Jones – Development Issues • Income/Shareholder returns • Retail Mix • Contemporary best practice design

Development Overview – 47 years • 2005 Planning Scheme Amendment: – Existing Retail GLA 106,000m2 – Approval to add 40,000m2 Retail GLA • Current Developments – Development Issues • Income/Returns • Retail Mix • Best Practice Design • Sustainable Development

Chadstone – Site Plan

Chadstone Place Development Ground Level

Chadstone Place Perspectives

Chadstone Place Perspectives

Chadstone Place Perspectives

Chadstone Place Perspectives

Chadstone Place Development Development Programme • Concept Design Sept 06 • Green Star – Design Pilot Launched Sept 06 1 st Round Submission • Dec 06 • Design Development Feb 07 • Documentation May 07 • Construction July 07 – Nov 08 • Open Dec 2008

Chadstone Place Development

Retail Sustainability Manual Structure

Asset Management Sustainability Initiatives: • Pressure flow control / reduction. • Waterless urinals. • Rain sensors. • Water tanks. • Replacement of all carpark lights. Outcomes: • 14% water savings over last 3 years • 2006 Yarra Valley Water Sustainability Commendation Award

Chadstone Place – Sustainability Brief CFSPM Policy Owners Objectives: Target 5 Star Pilot Accreditation Existing Centre : Constraints and Opportunities

Barriers • Financial criteria: Year 1 Initial Return • Stakeholder Education • 3 rd Party commercial arrangements: tenants

Opportunities • Stakeholder Education: Industry momentum • Fund Managers and Investors driving sustainable development • Authorities: Government and Councils 3 rd Party commercials: Woolworths and Coles • • Customers

Green Star – Shopping Centre Design Pilot Category Points Points Available Achieved Management 15 12 Indoor Environmental Quality 14 7 Energy 22 14 Transport 13 11 Water 24 24 Materials 17 3 Land Use and Ecology 9 4 Emissions 14 8

Chadstone Place Sustainability Targeted Initiatives 1.Energy 2.Transport 3.Water

Energy Energy Improvement – Ene-1 • Energy simulation model: – Including Mall, BoH, specialty and mini major tenants – Excluding major tenants • Central chilled (air cooled) and heating water (natural gas) plant. • Individual Fan coil units and air handling units for each tenant. • Stepped variable speed primary chilled water loop. • Stepped variable speed primary heating water loop.

Energy Energy Improvement – Ene-1 • Outside air economy cycle motorised dampers • VAV (2 speed) AHU for all tenancies. • Co 2 monitoring and control. • Advanced DDC system to all plant.

Energy Energy Improvement – Ene-1 Outcomes: • Total benchmark emissions (kgCO 2 /yr) 2,475,000 • Actual emissions (kgCO 2 /yr) 875,000 • Greenhouse gas savings 1,600,000 • Points achieved 12 (of 15)

Transport Cyclist Facilities – TRA-3 • Shared bicycle paths on entry roads connect to Principle bike network • End of trip facilities include lockers, staff change and showers Proximity to Public Transport – TRA-4 • 12 bus lines visit Chadstone and 2 railway stations with 1 km of centre

Transport Outcomes: • Points achieved 11 (of 13) Environmental Design Initiatives (Innovation) • Public transport transit lounge • Facilitation for real time bus scheduling • Green Travel plan and Green Travel co-ordinator

Transport

Water Occupant Amenity Potable Water Efficiency WAF-1 • 350,000 litre water tank installed • Captures 250,000L average rainfall/month • Supplies WC, Urinals, Shower HW and landscape irrigation • Fire services discharge into tank: 80,000L

Water Occupant Amenity Potable Water Efficiency WAF-1 Outcomes: • Total annual water reuse: 3.4m litres • GLAm 2 : 16,262m 2 • 0.45 litres per day per GLA • Points achieved 10 (of 10)

Cost Neutral or Variable • Project Construction Cost $100m • Total Development Cost $136m • Sustainable Initiatives Costs $2.6m Initiatives represent approx 2% of total Development Cost. Costs exclude savings in operating cost benefits.

Outcomes • Project Target: 5 star pilot accreditation • Total weighted points achieved: 67 • Project awarded 5 star Green Star rating: Australian Excellence • On project completion: a savy and eco friendly precinct – Better place to shop – Benefits to owners and community

Future Opportunities • Green Star Shopping Centre Pilot has educated CFSPM Development Staff • Development Staff have educated Stakeholders • Sustainability ‘knowledge’ is spreading • The next step: – Chadstone West Mall Sustainability Initiatives

The Challenge and the Opportunity: Chadstone West Mall Development